Notes to SEFA
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized
following the applicable cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are
not allowable or limited as to reimbursement. The Enderlin Area Public School District has not elected to use the 10-perecnt de
minimis cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: N/A